Key points as of 05:42 GMT
- Stocks. S&P 500 futures are down 0.45% and Nasdaq 100 futures are down 1.10% ahead of the European open at 08:00 GMT, pointing to a lower start for Wall Street at 14:30 GMT. Nvidia fell more than 8% in late US trading on reports that its board may remove its CEO, according to Globes.
- Asia and Europe. The Nikkei 225 is down 0.71% at 60,813, while the DAX ended its last session up 1.20% at 26,663 and Frankfurt opens at 08:00 GMT.
- Oil and gold. WTI crude is at $85.75 (down 0.90%) and gold is at $3,980.80 (down 0.49%).
- Rates. The 10-year Treasury yield is 5.00%, up 2 basis points.
- Bitcoin. Bitcoin is trading at about $73,550, down 0.32% over 24 hours.
Markets at a glance Risk-Off ▼
| Market | Level | Change |
|---|---|---|
| S&P 500 futures | 7,606.00 | -0.45% |
| Nasdaq 100 futures | 28,159.50 | -1.10% |
| Dow futures | 52,617 | +0.07% |
| Russell 2000 futures | 2,852.30 | -0.05% |
| VIX (last close) | 17.49 | -10.12% |
| DAX (last close) | 26,663 | +1.20% |
| Nikkei 225 (Japan) | 60,813 | -0.71% |
| WTI crude futures | $85.75 | -0.90% |
| Gold futures | $3,980.80 | -0.49% |
| 10-year Treasury yield (last close) | 5.00% | +2 bp |
| Bitcoin (24h change) | $73,550 | -0.32% |
Snapshot as of 05:42 GMT from our Markets Today feed. Changes are against the previous close; Bitcoin is the 24-hour change and the 10-year yield change is in basis points (1 bp = 0.01 percentage point). Sentiment follows S&P 500 futures: above +0.3% is Risk-On, below -0.3% is Risk-Off, in between is Neutral.
US futures and stocks
US stock futures are lower ahead of the European open, and the weakness is concentrated in technology. S&P 500 futures are down 0.45% and Nasdaq 100 futures are down 1.10%, while Dow futures are up 0.07% and Russell 2000 futures (smaller US companies) are down 0.05%. That gap between the Nasdaq and everything else points to a problem with a few big names, not the whole market.
The name is Nvidia. According to Globes, which cites US media reports, Nvidia's board is preparing to remove its founder and CEO, Jensen Huang. We could not confirm that from other sources, so treat it as a report, not a fact. What is on record is that the board said on November 8 that it opened an independent investigation after reports about Huang. Globes says Nvidia shares fell more than 8% in late US trading, bringing the drop to about 15% since the investigation was announced. If that holds at the open, Globes estimates it would erase about $600 billion of Nvidia's market value.
Analysts have started to react. Globes reports that Baird cut Nvidia to neutral from outperform (neutral means it expects the shares to roughly match the market), and that Bernstein cut it to market perform. Both cited uncertainty around Huang. Money seems to be moving to Nvidia's rivals, with AMD up about 7% and Broadcom up about 4% in late US trading, according to Globes. This comes after a strong Wednesday, when the S&P 500 rose 1.4% and the Nasdaq rose 1.6%.
Oil and gold
Oil and gold are both lower this morning. WTI crude is at $85.75, down 0.90%, and gold is at $3,980.80, down 0.49%. Globes points to American Petroleum Institute data showing US crude stocks rose by 9 million barrels last week, which adds to supply worries (more oil in storage usually weighs on prices), while talks over Iran's nuclear material and attacks on ships in the Gulf keep traders cautious.
Bitcoin
Bitcoin is trading at about $73,550, down 0.32% over the past 24 hours. That is a small move next to the drop in tech stocks, so crypto is not following Nvidia lower so far.
Treasury yields
The 10-year Treasury yield was 5.00% at the last close, up 2 basis points. A yield is the return you get for lending to the US government, and at 5% it gives investors a real alternative to stocks. It is a small change, so bonds are not the driver of this morning's moves.
How the markets line up
The picture is selective, not broad. Nasdaq futures are down 1.10% while the Dow is slightly higher, and the VIX (a gauge of expected stock market swings) fell 10.12% at the last close, before the Nvidia reports hit. Together with small moves in yields and Bitcoin, this looks like investors selling Nvidia and AI-linked chip stocks, and buying their rivals, rather than leaving risk altogether. The Risk-Off label here only reflects S&P 500 futures being below -0.3%.
What to watch
- Any decision or statement from Nvidia's board about Jensen Huang.
- Whether the US adds new limits on chip exports to China, which Baird says it expects.
Economic calendar
This market snapshot is generated automatically from live market data and recent headlines at 05:42 GMT on November 12, 2026. For more context see our Daily Market Brief. It is for information only and is not investment advice.